Fast-food sales grow as Singapore F&B revenue falls 1.9%
F&B services sales fell 1.9% year-on-year at current prices in July.
Fast-food outlets remained the only major bright spot for Singapore's foodservice industry in July, posting both annual and monthly sales growth even as overall food and beverage (F&B) sales declined.
According to the Department of Statistics, F&B services sales fell 1.9% year-on-year (YoY) at current prices in July, following a 2.3% decline in June. Total sales were estimated at $1.6b.
Fast-food sales increased 4.6% YoY, whilst food caterers recorded modest growth of 0.3%. In contrast, food courts and other eating places posted the steepest decline at 6.6%, followed by cafes at 6.4%. Restaurant sales also slipped 0.3%.
On a seasonally adjusted basis, total F&B sales rose 0.6% from June.
Fast-food outlets again led the market, with sales climbing 5.8% month-on-month. Food caterers and restaurants recorded gains of 1.4% and 0.4%, respectively.
Meanwhile, food courts and other eating places saw sales fall 1.3% from the previous month, whilst cafes edged down 0.1%.
Online transactions accounted for 20.9% of total F&B sales in July, up from 20.4% in June.
